Most profitable resale locations revealed

The regions across the country where vendors are most likely to receive a profit for their property have been uncovered in a new report.

RP Data’s June 2014 quarter Pain and Gain analysis revealed that nationally, just nine per cent of property resales resulted in a loss, compared to 11.5 per cent of resales in the same quarter last year.

Regional Western Australia, Perth, and Melbourne were most likely to offer vendors a profit of 100 per cent or more. In regional Western Australia, 40.3 per cent of resales in the June 2014 quarter resulted in a 100 per cent-plus profit, but 16.8 per cent resulted in a loss. Just over 40 per cent of resales in Perth and 36.8 per cent in Melbourne offered a profit of 100 per cent or more.

The Pain and Gain Report indicates Sydney was one of the safest resale markets over the quarter with only 2.7 per cent resulting in a loss and over 50 per cent of sales resulting in a profit in excess of 50 per cent.